About Us


Wexford Real Estate Investors is an opportunistic real estate investment and development firm, who’s founders have a track record in real estate that dates back five decades. Wexford Real Estate Investors, an affiliate of Wexford Capital, was created by Joe Jacobs and Charles Davidson, to source and manage private market real estate investment and development opportunities to be funded primarily with their own capital. Today the firm is run by Joe Jacobs and Phil Braunstein, managing a portfolio with market value in excess of $1.4 billion and having invested in excess of $750 million of equity since 2011.

The firm's investment philosophy is influenced by Joe’s half a century of successfully investing in real estate across several asset classes, both domestically and internationally, and across numerous market cycles.

& History

WREI is led by Joe Jacobs and Phil Braunstein, who have worked closely together since 2007 and have built a best in-class dedicated real estate investment team starting in 2011 after successfully exiting the majority of their real estate holdings prior to 2008.

Joe brings a multi-decade track record in real estate to the WREI team, having overseen over $1.4 billion of invested equity in 95+ transactions across the US and Canada since 1994. Prior to co-founding WCLP, Joe was a Senior Managing Director at Bear Stearns, where he worked for 12 years (1982-1994), was active in bankruptcies and restructuring, and was responsible for all of the firm’s real estate investment activities, including debt and equity financing of all real estate transactions across both public and private markets. Prior to Bear Steans Joe was a loan officer at Citibank (1979-1982) originating, underwriting, and managing construction and other short term credit facilities to real estate developers and owner managers within the NYC tri-state area.

Phil has been with Wexford since 2007 and has been involved in more than 50 real estate transactions across the US, leading the team’s effort to grow its presence in Florida and throughout the sunbelt. From 2011 through 2017, Phil led the firm’s efforts to grow its joint venture investment practice, building relationships with best-in-class operators throughout the sunbelt. Following a move to Florida in 2018, Phil has worked closely with Joe on shifting the firm’s focus from the joint venture business model to growing its GP investment and development platform.

Current Portfolio & Focus

The firm’s real estate portfolio is in excess of $1.4 billion of market value and is comprised of 48 investments in 10 markets located throughout the U.S. and Canada. Today, WREI’s primary focus is multi-family, pursuing both development and acquisition investments opportunistically. The firm focuses on control equity positions, both independently and alongside strategic operating partners. We focus on high barrier to entry opportunities in high growth markets with favorable business environments that are largely concentrated in the southeast and southwest U.S. Today, our portfolio primarily consists of multifamily, senior living, hospitality and residential condominiums. We also pursue special opportunities, including acquisition of covered land plays and acquisition of strategic land investments, including fee interests subject to ground leases.